That's amazing you found that quote. Late last week I started putting together a post and got side-tracked, but among my findings was that same quote from Sprint. As I often do, I was looking for markers to see where the industry was headed:
1) Marconi expands in Texas:
lightreading.com
2) While new entrants will continue to suffer, mobile usage soars:
totaltele.com
3) On-line buying strong in holiday season:
forrester.com
4) FCC looking for airwaves for wireless Internet:
totaltele.com
5) British fund manager positive on JDSU:
interactive.wsj.com@6.cgi?mfmuse/text/wsjie/data/SB978629865863000195.djm/&d2hconverter=display-d2h&NVP=&template=atlas-srch-searchrecent-nf.tmpl&form=atlas-srch-searchrecent-nf.html&from-and=AND&to-and=AND&sort=Article-Doc-Date+desc&qand=&bool_query=jdsu&dbname=%26name1%3Ddbname%26name2%3Ddbname%26name3%3Ddbname%26period%3D%3A720&location=article&HI=
In the stock market, UBS private bankers are currently overweight in the health-care and pharmaceutical sectors, compared with standard benchmarks. They're underweight telecoms, consumer cyclicals and industrials. Yet they also like America Online, Broadcom, Cisco Systems, JDS Uniphase, Nortel Networks and WorldCom. Noting that they finished 2000 53% to 75% off their 52-week highs, Mr. Bell calls them "very attractive technology companies that will survive and possibly outperform in a rally." Want Europe? He recommends Alcatel, Vodafone, Aventis, Tesco and Nestle.
6) Alcatel wins Turkey DWDM contract:
lightreading.com
7) Smart VCs bucking the trend:
redherring.com
VCs admit the biggest challenge of the day is to remain optimistic while everything around them turns to dust. But some observe that new ideas are not dictated by market conditions, interest rates, or anything that Alan Greenspan chooses to say or not say. Entrepreneurial innovation, they argue, flows just as freely in bad times as in good. "This is a great time to be a VC," insists Russell Siegelman of Kleiner Perkins Caufield & Byers. "Some VCs are slowing down because they don't see a great market opportunity. The time to slow down was two years ago. Now's the time to get back in gear."
8) Qwest and Sprint will spend more in 2001 than 2000:
redherring.com
Qwest recently revised upward its capital expenditure from $8.25 billion to $9 billion for 2000 and to $9.5 billion for 2001. Not a huge increase, but enough to build out DSL, wireless, and Web-hosting services, the company says. And a more than 40 percent increase from 1999, when the combined spending of Qwest and US West (which Qwest acquired earlier this year) was $5.7 billion.
"Are we at the point where 2000 was the peak [spending] point? Absolutely not," says Ben Vos, director of network planning and design for Sprint (NYSE: FON). "We'll continue to see substantial amounts of spending in 2001 and 2002," particularly in optical networking equipment, he adds. . . .
And it's forcing carriers to change their ways. "You can't continue to buy the stuff you've always bought at a 30 percent discount," says Mr. Mohebbi. "This is not a market that's very forgiving. In the service business, you either change really fast or bad things are going to happen to you."
Great minds. . . :)
Pat |
